How to start partnering on a deal

[Adam Hanson]

I hear so much talk about when starting out, try to partner on a deal to get your feet wet. I get the concept of partnering on a deal if you have a tremendous amount of knowledge and or capital, but what does it really mean when entering into the REI world with no real experience other than passive education (i.e. books, podcasts etc.) and little working capital (under 30k)?

How does a newbie partner with someone whos been in the game and what can they really offer to allow a balanced partnership?

Tell me about your experience with partnering. How did you set it up? 

What kinds of properties were involved? 

What were the terms of the partnership? 

What were challenges and learning experiences you had?